Almonty Shares Present 71% Upside Opportunity

DA Davidson has reinforced its buy rating for Almonty while increasing its price target from $11.00 to $12.00. This revised projection indicates a substantial 71% potential gain from the current trading level around $7.00. According to analyst Matt Summerville, the adjustment follows a more comprehensive evaluation of the company’s Montana initiative.

The optimistic assessment stems from Almonty’s recent strategic acquisition of the Gentung-Browns Lake tungsten project in Montana for $9.75 million. This transaction positions the company to potentially establish the first operational tungsten mine in the United States in over ten years.

Key advantages of the Montana project include:
– Potential production commencement as early as the second half of 2026
– Existing Read more...